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4115 Normal Ave
Los Angeles, CA 90029
Multifamily Property For Sale
·
12 Units
Investment Highlights
- Excellent Assumable Debt - $2,700,000 loan, fixed 3.2% interest-only until April 2027(6.11% cash-on-cash return on current income/11.61% cash-on-cash)
- 1988 Construction – not subject to LA City Rent Control (only subject to California State Rent Control)
- Select units have been remodeled - feature vinyl wood flooring, recessed lighting, washer/dryers, remodeled bathrooms and kitchens
- 12-unit* value-add apartment building located in East Hollywood (Silver Lake adjacent) - can be purchased with 639 N. Juanita Avenue (0.6 miles away)
- Favorable unit mix - (8) two bedroom/one bath units and (4) two bedroom/two bath units
- Building features - gated entry, secured covered parking and a laundry facility
Property Facts
| No. Units | 12 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 13,956 SF |
| Property Subtype | Apartment | Average Occupancy | 82% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | B | Year Built | 1988 |
| Zoning | LARD1.5 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 13,956 SF |
| Average Occupancy | 82% |
| No. Stories | 3 |
| Year Built | 1988 |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Gated
Property Taxes
| Parcel Number | 5539-012-019 | Improvements Assessment | $3,060,000 |
| Land Assessment | $1,754,400 | Total Assessment | $4,814,400 |
Property Taxes
Parcel Number
5539-012-019
Land Assessment
$1,754,400
Improvements Assessment
$3,060,000
Total Assessment
$4,814,400
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